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Thailand Central Bank Holds Rate Steady After December Hike

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
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Thailand's central bank left its key interest rate unchanged in January, after raising it in December for the first time in over seven years, citing future risks to financial stability.

The Monetary Policy Committee voted 4 -2 to maintain the policy rate at 1.75 percent, the Bank of Thailand said in a statement on Wednesday. The decision was in line with economists' expectations.

Two members sought a quarter-point hike in the interest rate to 2 percent to curb financial stability risks and to build policy space, while a policymaker did not attend the meeting.

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